Bank First National Corporation (NASDAQ:BFC) Given Average Rating of “Buy” by Brokerages

Bank First National Corporation (NASDAQ:BFC) has earned an average recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $163.00.

BFC has been the subject of several research reports. Piper Sandler upped their price target on shares of Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Bank First National from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Bank First National from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Hovde Group raised their price target on Bank First National from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st.

Bank First National Price Performance

Bank First National stock opened at $158.00 on Monday. The company has a market capitalization of $1.75 billion, a P/E ratio of 20.55 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.93 and a current ratio of 0.93. Bank First National has a fifty-two week low of $119.08 and a fifty-two week high of $158.99. The stock has a 50-day simple moving average of $148.88 and a 200-day simple moving average of $143.56.

Bank First National (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. Bank First National had a return on equity of 12.48% and a net margin of 27.70%.The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.25 million. Equities research analysts expect that Bank First National will post 9.91 earnings per share for the current year.

Bank First National Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $2.40 annualized dividend and a yield of 1.5%. This is a boost from Bank First National’s previous quarterly dividend of $0.55. Bank First National’s dividend payout ratio (DPR) is currently 28.61%.

Hedge Funds Weigh In On Bank First National

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Bank First National by 95.5% during the 4th quarter. Royal Bank of Canada now owns 305 shares of the company’s stock worth $36,000 after buying an additional 149 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bank First National by 22.5% in the second quarter. BNP Paribas Financial Markets now owns 816 shares of the company’s stock valued at $96,000 after acquiring an additional 150 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Bank First National during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank First National by 920.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 204 shares of the company’s stock worth $25,000 after acquiring an additional 184 shares during the period. Finally, N.E.W. Advisory Services LLC increased its stake in shares of Bank First National by 4.5% during the fourth quarter. N.E.W. Advisory Services LLC now owns 5,466 shares of the company’s stock worth $666,000 after acquiring an additional 237 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First National Company Profile

Bank First National Corporation (NASDAQ: BFC) is the bank holding company for Bank First National, a community bank headquartered in Princeton, Wisconsin. The company offers a comprehensive suite of financial services designed to meet the needs of individuals, families, small businesses and agricultural clients. Through its branch network and digital channels, Bank First National provides deposit accounts, consumer and commercial lending, mortgage financing and treasury management solutions.

The bank’s core deposit products include checking and savings accounts, money market funds and certificates of deposit, complemented by online and mobile banking platforms that enable customers to manage their finances remotely.